Saturday , September 19 2020
Home / Project Syndicate / The V-Shaped Recovery Marches On

The V-Shaped Recovery Marches On

Summary:
Despite all of the doom and gloom of the past six months, much of the global economy continues to show signs of a sharp recovery from the pandemic-induced collapse this spring. And while nothing is guaranteed, a number of favorable structural factors make a further acceleration highly likely. LONDON – Large swaths of the global economy are exhibiting traditional signs of a V-shaped recovery from the pandemic-induced collapse this spring. The monthly indicators for many countries show vigorous rebounds in June and July, with 10-15% projected growth in real (inflation-adjusted) GDP in the third quarter, all else being equal. The Post-Pandemic Economy’s Barriers to Growth PS

Topics:
Jim O'Neill considers the following as important:

This could be interesting, too:

Timothy Taylor writes Every Day is a Bad Day, Say a Rising Share of Americans

Scott Sumner writes Their own worst enemy

Emilie Openchowski writes Weekend reading: Racial and gender discrimination in the labor market edition

Françoise Barré-Sinoussi writes Fighting the COVID Infodemic

Despite all of the doom and gloom of the past six months, much of the global economy continues to show signs of a sharp recovery from the pandemic-induced collapse this spring. And while nothing is guaranteed, a number of favorable structural factors make a further acceleration highly likely.

LONDON – Large swaths of the global economy are exhibiting traditional signs of a V-shaped recovery from the pandemic-induced collapse this spring. The monthly indicators for many countries show vigorous rebounds in June and July, with 10-15% projected growth in real (inflation-adjusted) GDP in the third quarter, all else being equal.

To be sure, there are reasons to question whether the perceived upturn is merely a technical bounce-back – an illusion caused by the sheer depth of the initial collapse. This could well be the case, especially if many countries suffer a strong second wave of COVID-19...

Leave a Reply

Your email address will not be published. Required fields are marked *